Transitioning yourself or a loved one to a nursing home facility can be challenging enough on its own, but paying for the long-term care adds additional strain. Thankfully, with some advanced planning, you can take steps now to preserve your assets if nursing home care becomes necessary in the future.
Medicaid long-term care planning can involve a variety of strategies that involve your financial holdings, your real estate, your insurance holdings and other financial assets you own. Whether a particular solution is right for you and your family will depend on your specific situation and the laws in your state. Speaking with a knowledgeable Medicaid lawyer is the best way to plan ahead and make informed decisions before a crisis situation. The attorneys at Pierro, Connor, & Strauss stay abreast of the legal landscape to offer top-notch counsel to New York individuals and families who are planning for nursing home care.